What is the value of a bond that has a par value

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Question 1: $1,000 par value bond with a 9.28 percent coupon rate, currently selling for $1,028, has a current yield of _____.

Question 2: What is the value of a bond that has a par value of $1,000, a coupon rate of 11.32 percent (paid annually), and that matures in 5 years? Assume a required rate of return on this bond is 11.09 percent.

Reference no: EM132989729

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